- 123jump.com Staff
- 13 Nov, 2008
- New York City
Australian stocks plummeted 5.9% as commodity stocks retreated on falling metal prices and 5% decline in crude oil prices. Copper and aluminum prices dropped to three-year lows as stockpiles increased on falling global demand for raw materials. Commonwealth Bank estimated higher loan losses.
- 123jump.com Staff
- 13 Nov, 2008
- New York City
Stocks in Japan and in Asia fell more than 5% as the U.S. lawmakers struggle to decide the fate of General Motors. The largest U.S. electronics retailer Best Buy issued grim holiday sales outlook. Exporters in Japan fell. Currencies in the region declined more than 2%.
- 123jump.com Staff
- 13 Nov, 2008
- New York City
Fluor Corporation third quarter revenue rose to $5.7 billion from $4.1 billion on growth in the oil and gas and power segments. Net earnings surged 95% to $183 million and earnings per share doubled to $1.01 per diluted share compared to $0.51 a share.
- 123jump.com Staff
- 13 Nov, 2008
- New York City
General Electric fell sharply on the worries that its financial service unit may need more capital and the company may need to trim dividend, which the company denied. GE dropped to 12-year low. Retailers and financials fell sharply as Treasury Secretary Paulson keeps changing his focus.
- 123jump.com Staff
- 13 Nov, 2008
- New York City
Asian stocks fell sharply as the U.S. politicians added more uncertainties to the markets. Lawmakers in the U.S. send conflicting signs regarding General Motors bailout and U.S. Treasury Secretary keeps changing his focus. Asian markets fell more than 5% and currencies declined 2% or more.
- 123jump.com Staff
- 12 Nov, 2008
- New York City
Starbucks, the coffeehouse chain reported a 3% rise in fourth quarter revenues to $2.5 billion from a year ago. Net income declined 97% to $5.4 million and earnings per share fell to $0.01 compared to $0.21 per share in the prior year fourth quarter. Domestic comparable same store sales fell 5%
- 123jump.com Staff
- 12 Nov, 2008
- New York City
Harley Davidson third quarter revenues declined 7.7% to $1.42 billion and diluted earnings per share fell 33.6% to $0.71 compared to $1.54 billion and $1.07 a year ago. The motorcycle manufacturer estimates full year diluted earnings per share between $3.00 and $3.10 compared to $3.00 to $3.18.
- 123jump.com Staff
- 12 Nov, 2008
- New York City
Satyam, the fourth largest software service exporter from India reported second quarter net revenues gain of 29% to $652 million from a year ago and earnings per ADS of 39 cents. The company guided earnings growth in the third quarter to rise between 17.6% and 20%.
- 123jump.com Staff
- 12 Nov, 2008
- New York City
U.S. stocks dropped more than 5% after the U.S. Treasury Secretary switched his bailout plan focus one more time. The frequent changes in emphasis left the market confused and raises doubts that the Bush administration is out of touch. Of the S&P 500 index stocks, 71 fell more than 10%.
- 123jump.com Staff
- 12 Nov, 2008
- New York City
The Amazon.com third quarter sales gained 31% to $4.26 billion and net income surged to $118 million on revenue. The company lowered the revenue guidance to $19.46 billion from the previous estimate of $20.10 billion. Worldwide revenue declined 28% when currency gains of $80 million were excluded.
- 123jump.com Staff
- 12 Nov, 2008
- New York City
Netflix in the third quarter added 261,000 net new subscribers, a fall of 9% from a year ago but total subscriber base rose 23% to 8.7 million. Earnings per share increased 43% to 33 cents a share from 23 cents a year ago. Net income increased 30% to $20.4 million.
- 123jump.com Staff
- 12 Nov, 2008
- New York City
Stocks in Australia dropped despite a rise in consumer sentiment. UBS lowered net income estimate by 9% for Rio Tinto after the mining giant lowered production target by 10%. Fortescue Metals lowered iron ore shipment estimate on a fall in demand plant shut downs.
- 123jump.com Staff
- 12 Nov, 2008
- New York City
Nikkei 225 index in Japan dropped below its underlying book value as domestic investors sell stocks. Consumer confidence in Japan dropped to the lowest level since 1982 in October. Inpex lowered its revenue and earnings outlook for the year. Softbank led the gainers after Alibaba.com earnings rise.
- 123jump.com Staff
- 12 Nov, 2008
- New York City
The Producers Price Index in China rises to 6.6% in October and CPI increased to 4%. Alibaba.com reported higher than expected earnings lifting the stocks 10%. Third quarter net rose 49%. Stocks in Hong Kong fell 0.7% and in Shanghai declined 1.2%. Li & Fung surges 11% on an outsourcing order.
- 123jump.com Staff
- 12 Nov, 2008
- New York City
Industrial production in India rises 4.8% in September. Stocks fall on political uncertainty as state wide polls draw near. Tata Teleservices sell 26% stake for $2.7 billion to NTT DoCoMo of Japan. Software exporters rose after the rupee declined to 48.84 to a dollar.